Coventry Building Society yesterday launched a range of new mortgages.

The range includes a mortgage with a two year fixed rate of 4.99%, an 85% LTV, and free valuation.

The product is also designed to attract remortgage customers, offering a free remortgage transfer service.

Colin Franklin, head of sales at the Coventry, said: “This new range will appeal to those looking to remortgage, move home, or take their first step onto the property ladder whilst giving them peace of mind at a great rate.”